THE States is still withholding too much information, according to the Landsbanki Action Group.
Members of iwantmymoneylandsbanki.com have criticised it for not giving enough information on what it has done to solve the fallout from Landsbanki Guernsey going into administration and the development of a depositors’ protection scheme.
The criticism echoes that voiced last week by 11 deputies, who said there had been a ‘vacuum of information’ for islanders as to what government had been doing and that an emergency States meeting was needed to be held to get a protection scheme in place as soon as possible.
Paul Little, of the action group, said he was not very confident of seeing all his money back. ‘I do not feel that the Guernsey government has been nearly open enough in its efforts during the past two weeks.
‘It seems to have had a “keep our heads down and maybe by doing the right thing without telling anyone then it will all be OK at the end and everyone will thank us” approach.
‘This, in my opinion, is not the way to go when other governments, such as the UK and Jersey, have been very forward and open about what they are doing.’
The action group is holding a conference call tonight at 8 for all affected customers.
Those wishing to take part should email Daniel Herzberg at iwantmymoneyback2008@hotmail.co.uk who will give details of how to join the call and ensure that those taking part have been affected by the bank going into administration.
People without internet access are asked to get a friend or relative to contact Mr Herzberg on their behalf to obtain the number.
Article posted on 21st October, 2008 - 2.29pm
5 Article Comments
No action from the politicians equates to:
No investors = no more finance industry.
Back to growing Guernsey’s finest TOMATOES THEN.
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Paul
You sound as gloomy as Mervyn “Talk us into a depression” King of the Bank of England.
I’m glad to be able to tell you that ypur prediction is just so wrong.
Why?
Two reasons
1 Guernsey has a spread of financial activities and is not dependent on deposit banking
2 All financial centres have taken a confidence hit. However, when all is settled, Guernsey will still be seen as a good home for cash and other business. It is just the generall level of confidence that has moved. Guernsey will retain its relatively high position in the reputation league.
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Stephen
Do you reckon that those out of pocket are sharing your feelings?
Would you be happy to be in the same boat and treated with such an uncaring attitude over your savings?
Guernsey semms to be taking longer than elsewhere to pull their finger out.
Confidence does not exist. It will when a guarantee is in place.
Whenever that might be.
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Paul It isn’t a question if those out of pocket share my views or not.
The situation is as I see it. I simply don’t agree with your view that the end is nigh for the Guernsey finance industry.
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Stephen
Case closed then?
Let te politicians sweep this under the carpet and we will all hope for the best?
There is no confidence without some being guaranteed. It will do this Island and its finance institution no good to ignore the savers that had faith in the well regulated services.
If we ignore them it will be to the detriment.
Do you agree or disagree?
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